By RANDY SEAVER, Editor
Guy Gagnon has been excited about this particular project for several years.
The project is Adams Point, a 39-unit affordable family housing project on the upper end of Adams Street in Biddeford.
Following more than three years of planning and construction, Adams Point is expected to finally open in April.
The four-story building will feature one, two, three and even four-bedroom apartments — all with competitive rental rates below current, average rental prices in Biddeford.
“This is huge for Biddeford,” Gagnon explains. “Our population is the youngest in Maine, but we don’t have a lot of housing opportunities for young families. True family housing hasn’t been built in Biddeford for many years.”
A native of Biddeford, Gagnon has served as executive director of the Biddeford Housing Authority (BHA) since 2010.
The BHA is a non-profit organization with a mission “to provide lower income families, including the elderly, disabled and unhoused, the opportunity to live in decent, safe and sanitary housing within the community.”
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Is It Really Affordable?
According to Gagnon, the rental rates at Adams Point will be “extremely competitive,” and each unit will include all utilities and free internet service.
For example, a two-bedroom unit will range between $1,200 and $1,500 per month. A three-bedroom unit will rent between $1,400 and $1,600 per month.
One- bedroom apartments will start at $1,000 per month.
“When you consider the fact that all utilities – heat, water and electricity — are included, it becomes really affordable,” Gagnon said.
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Gagnon points out that providing affordable housing is not just a Biddeford problem.
Since 2018, the rental cost burden across the state has increased sharply for most households, especially for those with household incomes between $35,000 and $75,000 in total household income.
A Community Comes Together
The Adams Point project, Gagnon said, is the result of collaboration with private banks and contractors willing to offer competitive financing and rates. The project is also supported by the Maine Housing Authority and received some funding from the city of Biddeford’s Affordable Housing Trust Fund.
The city’s Affordable Housing Trust Fund is supported from required donations by private real estate developers.
When Gagnon requested a financial commitment from the city, he told the council that the BHA would refund any monies that were not used or left over from the project’s construction.
“I’m happy to report that it looks like we came in under budget on this project,” Gagnon said.
Residents at Adams Point will not only enjoy the convenience of included utility services, they will also have access to free internet services being provided by a grant from GoNetSpeed.
“This is a really exciting project for Biddeford,” Gagnon said.
Editor’s Note: For more information about availability and income guidelines, please contact the Biddeford Housing Authority.
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ABOUT THE AUTHOR: Randy Seaver is the editor and founder of the Biddeford Gazette. He has been covering Biddeford news and politics for nearly three decades. He may be reached by email: randy@randyseaver.com
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